Domestic MDC in Dahej

MDC prices have increased, with manufacturers raising offers despite weak demand. Domestic supply is abundant due to increased production capacity from TGV SRAAC and the new entry of Sreyas. However, demand from the active pharmaceutical ingredient (API) sector remains low. The market is expected to remain volatile, with price stability dependent on manufacturer coordination and inventory management.

Methylene dichloride (MDC) prices in India have decreased by ₹3/kg this week due to sluggish demand from the API sector and higher inventory levels. Price reductions have been noted across various regions, with authorized dealers offering lower prices in southern India. Increased production capacity from TGV SRAAC and Sreyas has contributed to the price decline. Price volatility is expected in the near term.

MDC prices have dropped by ₹2/kg due to weak demand, cheaper imports, and rising inventories. Domestic manufacturers face competition intensified by Sreyas Industries' re-entry, while feedstock cost pressures limit price flexibility.

Acetic Acid prices in India rose by ₹2/kg amid concerns over vessel delays and tight supply. Importers and traders are holding back large-volume offers, anticipating further escalation. Despite subdued demand from Ethyl Acetate and Acetic Anhydride producers, strong offtake from bulk drugs and MCAA sectors is supporting bullish sentiment. Market eyes further price rebound.

Ethyl Acetate prices in India increased sharply amid escalating feedstock costs, limited raw material availability, and upcoming production shutdowns. Key producers raised offers by ₹1–2/kg. With Acetic Acid and Ethanol prices surging and logistics costs climbing, market participants expect further price gains. Demand from downstream industries remains robust, supporting bullish sentiment.

Toluene prices in India have surged ₹3/kg, driven by geopolitical tensions, rising crude oil, and naphtha prices. Importers are holding firm on higher offers despite tepid buyer response. Refinery margins are under severe pressure, pushing expectations of a price rebound. Downstream demand from pharma and coatings sectors shows gradual recovery.

Acetic Acid prices softened in India despite tight port inventories, driven by weak demand and lower replacement costs. While some bullishness is expected from downstream sectors, ongoing plant turnarounds and geopolitical risks continue to pressure the market. Strategic inventory building is advised amid anticipated supply disruptions and price volatility.

Toluene prices dropped by ₹1/kg this week due to weak sentiment and lower replacement costs. Despite soft liquidation, downstream demand—especially from pharma and coatings—is recovering. While margins remain under pressure, rising crude oil and demand may support price rebound. Importers remain cautious amid fluctuating market signals.

Domestic methanol prices dropped ₹0.50/kg amid healthy market activity and steady supply. Strong liquidation in Kandla and stable demand from formaldehyde and bulk drug sectors supported near-term stability. However, softening Asian futures and incoming Iranian cargoes signal a possible correction by mid-May 2025.